Glory Kickboxing Launches Litecoin Fight Night Payments With LTC VIP Package | ELEVENEWS
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Glory Kickboxing Launches Litecoin Fight Night Payments With LTC VIP Package

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International kickboxing promotions firm Glory has started accepting Litecoin payments for tickets. To celebrate the announcement, the company is offering those choosing to pay using the crypto asset an exclusive package to really enjoy a fight in style.

The firm first announced the partnership with the Litecoin Foundation earlier this year. However, this will be the first time that tickets for a fight can be paid for using digital currency.

Glory Kickboxing Launches Litecoin Payments for Fights

Marital arts promotions firm Glory  is holding a special promotion to celebrate the fact that it is now accepting Litecoin for ticket purchases. The promotions company is offering those choosing to #PaywithLitecoin an exclusive package of extras to accompany their general admission to the fight.

The package deal is available at the next scheduled fight in the Glory calendar. It will be Glory #66, which is being held at the Paris La Villette in Paris, France on June 22.

Those opting to pay with either Litecoin or Bitcoin, will not only receive a VIP ticket to the even next week, but also an event t-shirt, signed event poster, backstage tour and photo opportunity, and a meet and greet with many of the franchise’s athletes.

At the time of writing, the website says there are only 10 of these commemorative packages available. The whole package will cost you just 100 euros, so not even a whole Litecoin after the recent price surge in anticipation of this summer’s historic halving event.

Following the Litecoin halving, which is a deliberate feature to slow the release of some blockchain-based crypto assets, the supply of new Litecoin entering the market each day will be cut in half. Investors are expecting this reduced supply to lead to higher prices, which it might well do, if there is consistent demand for Litecoin after the event.

Glory first announced that it would be working with the Litecoin Foundation to help promote digital currency adoption in February of this year. It then started accepting the crypto asset for purchases from its online store.

Glory was founded in 2012 by Glory Sports International. The promotions firm hosts events in a variety of martial art disciplines as well as kickboxing. These include Karate, Muay Thai, Taekwondo, and regular boxing.

The Litecoin Foundation describes the acceptance of Litecoin for sports tickets as a “first for crypto”.

Sports Organisations Receptive to Crypto

NewsBTC has reported on many examples of sporting clubs and leagues embracing crypto in some way in recent years. Different teams from around the world have explored the space to varying degrees and differing purposes. Some, like Glory with its Litecoin partnership, are interested in using the technology mostly as a payment solution.

Meanwhile, the example of the MLB Crypto Baseballcollectables game shows a sporting organisation experiment with crypto assets in an altogether different way. Finally, the Sacramento Kings, with its impressive crypto data centre in its stadium, utilises digital currency for more charitable ends.

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Litecoin (LTC/USD) forecast and analysis on June 27, 2019

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Cryptocurrency Litecoin (LTC/USD) is trading at 135.36. Cryptocurrency quotes are trading below the moving average with a period of 55. This indicates a bullish trend on Litecoin. At the moment, cryptocurrency quotes are moving near the middle border of the Bollinger Bands indicator.

Litecoin (LTC/USD) forecast and analysis on June 27, 2019

As part of the Litecoin course forecast, a test of level 131.50 is expected. Where can we expect an attempt to continue the growth of LTC/USD and the further development of the upward trend. The purpose of this movement is the area near the level 153.20. The conservative area for buying of Litecoin is located near the lower border of the Bollinger Bands indicator strip at level 130.10.

Litecoin (LTC/USD) forecast and analysis on June 27, 2019

Cancellation of the option to continue the growth of the Litecoin exchange rate will be a breakdown of the lower limit of the Bollinger Bands indicator. As well as a moving average with a period of 55 and closing quotes pair below the area of ​​128.20. This will indicate a change in the current trend in favor of bearish for LTC/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of the fall of the cryptocurrency.

Litecoin (LTC/USD) forecast and analysis on June 27, 2019 implies a test level of 131.50. Further growth is expected to continue to the area above the level of 153.20. The conservative area for buying Litecoin is located area of 130.10. The cancellation of the cryptocurrency growth option will be the breakdown of the level of 128.20. In this case, we should expect the continuation of the fall.

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Litecoin (LTC) Price Analysis: Key Support Nearby, Can Price Bounce Back?

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  • Litecoin price failed once again to surpass the main $144.90 resistance area against the US Dollar.
  • LTC price declined recently and broke the $140.00 and $132.50 support levels.
  • There is a major bearish trend line forming with resistance near $134.60 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair is currently approaching the key supports near the $125.50 and $121.00 levels.

Litecoin price is struggling to climb higher against the US Dollar, while bitcoin is surging. LTC price must stay above the $125.50 support to avoid a downside break in the near term.

Litecoin Price Analysis

Recently, litecoin price made another attempt to clear the $144.90 resistance area against the US Dollar. However, the LTC/USD pair failed to gain momentum above $145.00 and topped near $145.20. As a result, there was a sharp decline below the $140.00 and $138.00 levels. The price even settled below the $135.00 level and the 55 simple moving average (4-hours).

It opened the doors for more losses below the $132.50 support level. Finally, there was a spike below the $130.00 support and the price traded as low as $122.42. It is currently correcting higher above $125.50 and the 23.6% Fib retracement level of the recent decline from the $138.30 high to $122.42 low. However, it seems like the price is struggling to climb above the $130.00 level.

The 50% Fib retracement level of the recent decline from the $138.30 high to $122.42 low is also acting as a resistance. Moreover, there is a major bearish trend line forming with resistance near $134.60 on the 4-hours chart of the LTC/USD pair. The 55 simple moving average (4-hours) is also near the $135.00 level.

Therefore, the price is facing a lot of hurdles near $130.00 and $135.00. A successful close above $135.00 and the 55 simple moving average (4-hours) is needed for a fresh increase. If the price fails to climb above $130.00 or $135.00, it could continue to decline. An immediate support is near the $125.50 level. If there are more losses, the price may even test the $120.00 and $121.00 support levels.

Litecoin Price Analysis LTC Chart

Looking at the chart, litecoin price is trading with a bearish bias below $130.00 and the 55 simple moving average (4-hours). As long as sellers remain in action, the price may continue to struggle below $135.00. On the downside, the $120.00 support holds the key for more losses.

Technical indicators

4 hours MACD – The MACD for LTC/USD is gaining momentum in the bearish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is currently well below the 40 level.

Key Support Levels – $125.50 and $120.00.

Key Resistance Levels – $130.00 and $135.00.

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LTC/USD bulls must breakdown major barrier running from $145-150 price range for greater gains

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LTC/USD bulls must breakdown major barrier running from $145-150 price range for greater gains

  • Litecoin trading with minor losses of just some 0.05% in the second half of Wednesday.
  • LTC/USD price action is moving within a bullish flag structure, subject to a breakout. 
  • A major barrier in the way for the bulls can be seen tracking from $145 – $150 territory, where the price 

Spot rate:                 136.52

Relative change:      +0.65%

High:                        138.16

Low:                         133.16

LTC/USD 60-minute chart

  •  Via the 60-minute the bulls have managed to break above a descending trend line, completing a retest also, making room for a continued move north. 

LTC/USD daily chart

  • Price action moving within a bullish flag structure, subject to a breakout. 

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